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Allstate Corp (The) - ALL STOCK NEWS

Welcome to our dedicated news page for Allstate (The) (Ticker: ALL), a resource for investors and traders seeking the latest updates and insights on Allstate (The).

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Allstate (The)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Allstate (The)'s position in the market.

Rhea-AI Summary
Allstate CFO to present at Barclays Global Financial Services Conference on Sept. 12
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The Allstate Corporation reports estimated catastrophe losses of $313 million for the month of July, primarily due to wind and hail events. Auto rate increases of 8.2% were implemented across 12 locations, resulting in a premium impact of 0.9%. Rate increases for auto insurance are expected to raise annualized written premiums by approximately $2.19 billion, while rate increases for homeowners insurance are expected to raise annualized written premiums by approximately $804 million. Homeowners insurance average gross written premium increased by 14.1% in July 2023 compared to the prior year.
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The Allstate Corporation reported financial results for Q2 2023. Consolidated revenues increased by 14.4% to $13.98 billion. Net loss applicable to common shareholders was $1.39 billion. Adjusted net loss was $1.16 billion. Property-Liability premiums written increased by 8.6% to $13.73 billion. Allstate Protection auto insurance premiums earned increased by 10.5% to $8.12 billion. Allstate Protection homeowners insurance premiums earned increased by 12.4% to $2.88 billion. Protection Services revenue increased by 9.1% to $686 million. Allstate Investments generated net investment income of $610 million.
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Allstate Corporation (NYSE: ALL) Financial Results Q2 2023: The Allstate Corporation has filed a Form 8-K reporting its financial results for the quarter ended June 30, 2023. The materials will be available on the company’s page at sec.gov and www.allstateinvestors.com. A conference call and webcast to discuss second quarter results will be held on Wednesday, Aug. 2.
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The Allstate Corporation (NYSE: ALL) announces estimated catastrophe losses for June of $1.01 billion, including 18 events totaling $1.13 billion, with 60% related to wind and hail. Total Q2 catastrophe losses were $2.70 billion. Unfavorable reserve reestimates totaled $181 million, with $148 million related to National General brand and $31 million related to Florida litigation. Auto rate increases of 11.6% were implemented in June, impacting total brand premiums by 2.6%. Allstate expects annualized written premiums to increase by approximately $1.95 billion for auto and $754 million for homeowners insurance.
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Allstate Corp (The)

NYSE:ALL

ALL Rankings

ALL Stock Data

43.31B
261.13M
0.57%
79.71%
1.06%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
US
Northbrook

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